Tuesday, December 3, 2024, 5:58 pm News Flash Archive

Today, the Greenwood Leflore Hospital Board of Trustees held its regular monthly meeting.

This meeting had been delayed, and was in reference to the financial situation in October 2024.

According to the financial report reviewed by CFO Dawne Holmes, the Hospital had an overall loss of $314,000 in October.

At the end of October, the useable cash and equivalents were $ 4.0 million.

As of the end of October, the hospital still owes Medicare $2.356 million. The Medicare loan is being paid down at around $102,000 per month.

According to Mrs. Holmes, the hospital's FEMA claim arising from COVID damages has finally been approved in the amount of $969,488. It wasn't made clear when that money will hit the hospital's financial statement.

The board then went into executive session, with the public and the press excluded for 60 minutes.

While in executive session, the board approved the sale of certain properties, but no other details were provided.

The Hospital Board of Trustees meeting may be viewed here: GLH Board Meeting, December 3, 2024

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To review our reporting on GLH and its financial woes, please see here: Index of Greenwood Leflore Hospital news articles

John Pittman Hey
The Taxpayers Channel

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